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Demographics
Population
Median Income
Racial Distributions
Parkridge, a neighborhood in Knoxville, Tennessee, demonstrates a demographic shift from moderate diversity to a White majority between 2013 and 2022. The population in 2022 was 1,436 with a median income of $44,435. Parkridge is notable for its Victorian-era architecture.
The neighborhood underwent significant demographic changes over the past decade. In 2013, Parkridge had moderate diversity with 41% Black and 48% White residents. By 2022, the community transitioned to a White majority status, with 60% of the population identifying as White. This shift indicates a transitional community status, as the White population increased while the Black population decreased. Hispanic and Two or More Races categories showed slight increases.
The demographic shifts in Parkridge correlate with changes in median income. In 2013, the median income was $26,438, increasing to $44,435 by 2022, representing a 68% increase over nine years. The population peaked in 2016 at 2,444 residents before declining to 1,436 by 2022. This population decrease, combined with rising incomes, suggests a potential gentrification process.
The trends observed in Parkridge align with broader patterns of urban gentrification seen in many American cities. The increase in White population and median income, coupled with a decrease in overall population, is typical of neighborhoods undergoing revitalization and demographic change.
Many urban areas have experienced similar transitions nationally, with historically diverse or predominantly Black neighborhoods seeing an influx of White residents and rising property values. This often leads to concerns about displacement and changes in community character.
The median household income in Tennessee was approximately $58,516 in 2022, indicating that despite its significant increase, Parkridge's median income still falls below the state average. This suggests that while gentrification may be occurring, the neighborhood is still in a transitional phase and has not yet reached the economic levels of more affluent areas.
Parkridge exemplifies a transitional community, shifting from moderate diversity to White majority over the past decade. This demographic evolution, accompanied by rising incomes and a decreasing population, reflects broader urban trends of gentrification and community change.